MANILA, Philippines – June 2025
Fuel price rollback is expected next week due to the ceasefire agreement between Iran and Israel. Industry sources have predicted that gasoline prices could drop by P1 to P1.40 per liter, while diesel prices are expected to decrease between P1.60 and P2.10 per liter. Kerosene prices could go down by P2 to P2.20 per liter.
MOPS Data and Market Reactions
This expected price decrease is based on Mean of Platts (MOPS) Singapore’s four-day trading data, which serves as the pricing basis for refined oil products in Southeast Asia.
According to Department of Energy-Oil Industry Management Bureau Director Rodela Romero, the market’s focus has shifted back to basic supply-demand fundamentals after concerns over Middle East supply disruptions eased following the ceasefire.
Insights from Industry Experts
Jetti Petroleum President Leo Bellas also commented, noting that the geopolitical risk premium on fuel prices has dropped sharply, causing a rollback.
He added that the overall market has shifted its focus back to fundamentals, recovering from the early-week drop in prices, with demand rising as tensions in the region de-escalate.
Recent Price Increases and Market Recovery
Earlier this week, local oil companies implemented significant price hikes, with gasoline prices rising by P1.75 per liter, diesel by P2.60 per liter, and kerosene by P2.40 per liter. However, the announcement of a ceasefire between Iran and Israel has led to a more stable market outlook, resulting in the anticipated fuel price rollback.
Conclusion: A More Stable Fuel Price Outlook
The situation is expected to stabilize further, with fuel prices reflecting the easing geopolitical tensions. Consumers can look forward to more affordable gasoline, diesel, and kerosene prices in the coming week as a result of the improved market conditions.
References:
- Manila Times – Truce seen bringing gas prices down.
- Jetti Petroleum – Insights from Leo Bellas on the impact of geopolitical events on fuel prices.
- Mean of Platts (MOPS) Singapore – Pricing data for Southeast Asia’s refined oil products.
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